Project Management: Work Breakdown Structures
WORK BREAKDOWN STRUCTURE
Work Breakdown structure is the main key of project controlling. Mainly it reduce the complicated interface of the project.
Dividing complex projects to simpler and manageable tasks is the process identified as work break down structure.
”The WBS is an extremely valuable tool to the project management methodology. It can make or break a project. It sets the foundation for the rest of the project planning. A solid WBS helps ensure proper project baselines, estimating, resource use, scheduling, risk analysis, and procurement” (Mathis 2014).
Usually the top managements use this WBS method to simplify the project execution mainly to much larger phases /zones are breakdown to the manageable tasks. These small tasks easily
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After the recruitment stage the selection stage starts and in this period the HR section is doing the final negotiation of salary and benefits of the selected candidate’s. The last of this procedure is the contract signing. With that the documentary work ends up and the orientation stage starts to orient the employee according to the rules and regulations in the organization. In orientation stage the newly recruited employee gets a full awareness of the company policies, rules & regulations, disciplinary which should be followed inside the organization and almost overall idea about the organization …show more content…
This can be identify as the controlling procedure of risks.
“Risk management is a process comprising the following main steps: risk management planning, risk identification, risk assessment, risk analysis, risk response, risk monitoring and risk communication” (Baloi and Price 2003)
By using risk managementtechniques in a productive way will be given potential benefits. Thosecan be shown in Figure 7 below. Figure 6 Benefits of Risk Management
Source:(Burtonshaw-Gunn 2009)
(Monir and Sayegh 2008)also define; “risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective, such as time, cost, scope, or quality”.
FACTS IMPACT ON PROJECT RISKS Figure 7 Facts Impact on Project Risks
Source:(Burtonshaw-Gunn 2009)
In this pre planning stage risk should identify properly and need to prepare a proper risk assessment plan.
After making the assessment plan we can clearly take the action for mitigation process to the identified risk. Finally we can monitor those risk how it is behaviour. When managing those stages in preplanning stage, it helps to control the triple constraints such as Time, Cost & Quality.Because of the proper risk management we can stop the time over run & cost over run in project when it
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